ONESOURCE Trust & Estate Administration
  ONESOURCE Trust & Estate Administration
  FastFacts Newsletter   

THOMSON REUTERS ONESOURCE
 Specialized Knowledge  
Trusted Results
In This Issue
Product Information Sessions
706 and FAS Online Training Sessions
706 Final Forms Available
706 Federal Estate Tax Final Forms Update along with CT and NY State Estate Tax Updates

On Friday, October 25th, ONESOURCE Trust & Estate Administration announced the update of the Federal 706 program for 2013 which includes the Final Forms, as well as the update of the State Estate Tax programs for Connecticut and New York.

 

Please see the ReadMe file or the application Help menu for further details regarding the releases.


The released programs are listed below.  Please visit our new software download site at www.oteasoftware.com to perform the downloads.

 

706 for 2013 Final Forms Version 2013 1.1.5 

Connecticut CT-706 for 2013 Version 2013.1.1.1   

NY ET-706 for 2013 Version 2013.1.1.1 

 

If you have questions about your license, please contact your Sales Representative at 800-331-2533.
706 & FAS Online Training Sessions
706 and FAS Training Sessions
 
In December, ONESOURCE Trust & Estate Administration will be holding free online training sessions for both the 706 for 2013 and the fiduciary accounting software. Below is quick review of the agenda pertaining to each training. To sign up for one of the sessions, please click on one of the links that corresponds with the event you would like to attend.

Each session offers 2 CPE Credits at no charge. 

Accounting Training Agenda
  • Data Entry Methods
  • Program Utilities
  • Printing Accounting Schedules and other reports

706 Training Agenda 

  • Data entry methods
  • Preparing 706 Schedules
  • Completing state estate tax/Inheritance tax returns

12/04/2013 - FAS Training 10:30 AM to 12:00 PM 

Update to FAS Accounting

FAS Accounting, NSGC, and NY Report Format Program Updates 

  

ONESOURCE Trust & Estate Administration recently announced an update to the Fiduciary Accounting program along with the Guardianship Report Format and the New York Report Format.  

 

Important:  This release of the New York Reports Format requires the FAS Accounting program to be updated.  If the FAS Accounting update is not applied, the updated features for the New York Report Format will not function.

 

Please see the ReadMe file or the application Help menu for further details regarding the releases. Please visit our software download site at www.oteasoftware.com to perform the downloads.  

 

If you have any questions about your license, please contact your sales representative at 800-331-2533.

 

 
Common Asset List
ONESOURCE Common Asset List Program

 

Many firms utilizing the ONESOURCE Trust & Estate Administration software perform data entry to add assets to the respective FAS Accounting and 706 Estate/Inheritance Tax applications.

 

These tasks can be repetitive for firms with a large number of estates or accountings to file.The ONESOURCE Trust & Estate Administration programs offer a database of common CUSIP numbers that comprises many thousands of stocks, bonds, and securities to assist with that data entry.


Access to the CUSIP List/Common Asset Database can be purchased through your Sales Representative.

 

Activation Instructions 

If you currently have a license for the Cusip List program and need to activate, install or update the program there are a few important steps that need to be completed after the actual installation.
Open the 706 or FAS program
Click cancel when prompted to "Open a Client"
Go to File - Import - Common Assets
Select "Yes" when asked to Import the Common Assets
Finally click "OK" to finish the process.  

 

Online Product Information Sessions
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Join us for our quarterly Product Information Session online.  The session will feature a review of improvements we have implemented to our Data Analysis Tool.  The DAT is included with your fiduciary accounting software at no charge. There will also be an introduction to the Client Merge Utility. Finally, a detailed review of spinoffs and exchanges.   
  
Each session will be approximately 45 minutes in length with time afterward for your questions.
  
Click on the link below to register for the session of your choice.
  
 
ONESOURCE 1041 e-Filing
1041 E-Filing for the upcoming Tax Season
 
Thomson Reuters industry-leading ONESOURCE Trust & Estate Administration software includes e-filing capabilities for the Federal Fiduciary Income Tax and New York State Fiduciary Income Tax returns (1041 & NY IT-205).  This year ONESOURCE clients were able to successfully file over 4,100 Fiduciary Income Tax Returns.
 
Our e-filing capabilities are designed to meet the complicated demands of legal and banking professionals who work with fiduciary tax returns.  It is also in keeping with IRS mandates.
  

As of January 1, 2012 any firm filing more than 10 Federal Fiduciary Income Tax returns is required to file electronically. ONESOURCE Trust & Estate Administration is leading the way in keeping our clients current with tax law changes.

 

During tax season we be providing extended support hours and special online training sessions for 1041 e-filing.

 

For questions about 1041 e-filing please contact the sales department at 800-331-2533.

 

To Contact Sales:
Phone: (800)331-2533
To Contact Product or Technical Support:
Phone: (800)488-5567
ONESOURCE Trust & Estate Administration
 http://onesource.thomsonreuters.com/trusttax/estate/
815 East Gate Drive
Suite 103
Mount Laurel, NJ 08054